I had the pleasure to attend and speak at the PMO Summit (Tecnológico de Monterrey) last week in Mexico. Some ideas I highlighted:
- Planning is key, of course. But strategies fail at execution time: put your focus on it.
- Each project needs to confirm total strategy alignment before kicking-off (besides cost, time and quality controls, naturally.
- The relevance of the “STRATEX” budget concept (vs OPEX/CAPEX) in order to ensure the strategy implementation.
- Program and portfolio management as an essential management tool. Beyond projects, global vision.
- The importance of standards and reference frameworks… applied with lots of common sense. Blindly follow standards could be counterproductive.
- Some success factors in the portfolio management implementation: allow two years for the entire process, designate a leader and manage it as a project.
- Increase your PMO maturity level step by step; evaluate yours today (very honestly). If you are just at level one (good for you!) jump to level two; then mature it and move on.
- Prioritize projects with method. Put the strategy in the center of all criteria. Avoid subjectivity and involve your organization in the process.
Some pictures of the event I hope you will like 🙂